According to renowned cryptocurrency analyst Ali, this token may be gearing up for a strong price rally if it surpasses the resistance level of $2.33. His latest chart indicates that breaking this level could open the door for a move towards $2.60.
At the time of analysis, XRP was trading at approximately $2.26, up 1.84% in the past 24 hours and 3.3% for the week.
With a market capitalization exceeding $133 billion and a 24-hour trading volume nearing $1.75 billion, this asset continues to maintain strong liquidity and investor interest.
Key technical levels
The support and resistance zones on the chart include:
Immediate resistance level: $2.33 – A decisive close above this level could indicate a breakout.
Next target (Resistance level): $2.60 – Ali's forecasted bullish target if the upward momentum persists.
Support zone: Around $2.15 – The price level at which XRP has recovered multiple times, serving as an important bottom threshold in the short term.
Market participants will closely monitor the breakout above the $2.33 level, which could signal a shift in momentum and create new buying pressure.
If the bullish sentiment continues, XRP could eventually revisit levels not seen since the last major price surge, providing traders with a potential opportunity to ride the next upward wave.